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TMA Centered Bands Indicator

FREE

Published: 21 February 2025

Current version: 1.0

TMA Centered Bands Indicator

Name: TMA Centered Bands Indicator
Rating: 5 (1 reviews)
Author: Irina Cherkashina

The TMA Centered Bands Indicator for MT5 draws bands on the chart and shows the overall price trend. It displays three bands - the lower and upper boundaries of the channel and the median.

The bands are made up of moving averages, and each of them has an MA period. The name TMA comes from triangular moving averages, as the indicator draws triangular bands.

The price will fluctuate between these ranges whenever the trend changes direction, thus creating entry and exit points.

How to trade with the TMA Centered Bands indicator?

The TMA Centered Bands indicator uses the power of the moving average to draw bands on the chart.

Each band has its own function. For example, when the price rises above the upper band, there is a chance that it will go down. Similarly, when the price falls below the lower band, there is a chance that it will go up.

When the price rises above the upper band, you can open short positions. On the other hand, you can open long positions when the price falls below the lower band. The middle boundary acts as an intermediary between the upper and lower boundaries.

Because the indicator signal is so easy to understand, even inexperienced traders can use it. On the other hand, experienced traders will find this indicator very useful (especially as a confluence) in their daily trading.

If you want an EA based on this indicator, contact us or look Centered Bands EA here:

https://www.mql5.com/en/market/product/129068?source=Site+Market+MT5+New+Rating006

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Screenshot #1 TMA Centered Bands Indicator

1859

Findolin 2025.04.15 13:07 #

Very good indicator and for free! Thank you very much!

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The Forex Gangster Indicator allows you to determine the current trend. If the Forex Gangster Indicator line has moved below the price and turned blue, then you should open deals for an increase. If the Forex Gangster Indicator line has appeared above the price and turned red, then you should open deals for a decrease: The indicator is suitable for any time frames, but it needs to be supplemented with filtering indicators, since by itself it is late and does not have time to give an accurate si

FREE

This indicator works by plotting fractals on the chart as arrows that can be used as buy or sell signals. It is a great tool for both new and experienced traders as it provides a clear visual representation of the market and helps traders identify fractals. Although it repaints, it can be used quite effectively in conjunction with other tools to filter trading strategies. We use this indicator in this way in our Royal Fractals EA, which you can purchase on the MQL5 Market: https://www.mql5.com

FREE

This indicator works by plotting fractals on the chart as arrows that can be used as buy or sell signals. It is a great tool for both new and experienced traders as it provides a clear visual representation of the market and helps traders identify fractals. Although it repaints, it can be used quite effectively in conjunction with other tools to filter trading strategies. We use this indicator in this way in our RoyalFractals II Expert Advisor, which you can purchase on the MQL5 Market: https:

FREE

The BandsFill Indicator is a modified Bollinger Bands with a colored cloud. It has two adjustable parameters: Period Deviation The cloud is colored as follows: If the price crosses the upper band, the cloud is blue. If the price crosses the lower band, the cloud is pink. Thanks to this, the BandsFill Indicator provides traders with an easy opportunity to detect various features and patterns in price dynamics that are invisible to the naked eye. Based on this information, traders can predict

FREE

The Teamtrader Channel Stop indicator allows you to determine the current trend. If the Teamtrader Channel Stop indicator line has moved below the price and turned blue, then you should open deals for an increase. If the Teamtrader Channel Stop indicator line has appeared above the price and turned red, then you should open deals for a decrease: The indicator is suitable for any time frames, but it needs to be supplemented with filtering indicators, since by itself it is late and does not have

FREE

The Red Dragons Support and Resistance Levels indicator automatically determines support and resistance levels using the proprietary algorithm based on historical and current data, so the levels are dynamic, which allows you to adjust trading targets based on the current price movement. For this reason, we use this indicator in our advisors, for example, Red Dragons, which you can purchase here: https://www.mql5.com/en/market/product/128713?source=Site +Market+MT4+New+Rating006 The panel also

FREE

Moving Averages Divergence 3x3 Indicator uses the crossover technique for signaling the market trend and the trade opportunities as well. It applies 3 formats of the same indicator and allows them to plot the crossover signals which are interpreted as the trade signals along with the direction of the market trend. Moving Averages Divergence 3x3 Indicator can be applied to trade all kinds of forex currency pairs within the financial markets. Although, this indicator works well o

FREE

FOREX GANGSTER is a unique Expert Advisor created by a professional prop trader and financial asset manager with many years of experience. This is a solution for those who strive for stable profits without constant control over each transaction or monitoring the work of a trading advisor. Created for optimal conservative trading and investing through exchange instruments with long-term regular profits and minimal risks. The Expert Advisor algorithm is based on a deep understanding of market pat

30 USD

The Wolf Wave Finder Indicator is a popular indicator, that is useful in identifying potential trading opportunities. The indicator works by recognizing the Wolf Wave pattern, which is a well-known pattern used by professional traders to identify potential areas of support and resistance. The indicator is easy to use and provides traders with an easy way to identify potential trades. The Wolf Wave Finder Indicator is a great tool for traders who are looking for a reliable and accurate way

30 USD

This indicator is a fusion of the Parabolic SAR and Fibonacci indicators. Fibo is drawn on the last wave, at the peaks the indicator displays prices for convenience. Parabolic SAR helps to define the market trend and generates trends following trade signals. On the other hand, Fibonacci plots the price retracement levels so that traders can determine a better and safer place to enter the market. Scalping with Parabolic SAR and Fibonacci Overview. For this strategy, in addition to our indicator

30 USD

This is an easy-to-set-up and easy-to-use Expert Advisor that will help you always have the necessary information about your trading account at hand, sending from MetaTrader 4 to you in Telegram: • Account drawdown • Number of open positions • Volume of open positions • Profit per day, week, month How to get an chat ID: - Chat with BotFather to create Bot and get API Token of Bot. If you had Bot, skip the step. - Chat with bot @userinfobot , then the bot will reply your ID. How to set

50 USD

The SYMBOL MANAGER symbol change indicator is an effective tool designed to enhance trading convenience and significantly simplify the trader's experience. This indicator allows users to switch seamlessly between currency pairs and timeframes within a single open window of the trading terminal. Importantly, when switching, the associated template, including indicators and current chart settings, is automatically duplicated, ensuring a consistent trading environment.

30 USD

The Morning Star PRT indicator uses the morning flat breakout principle. The indicator displays morning flat levels and shows possible targets. An additional Fibonacci level has been added to the indicator, as well as sound alerts about the intersection of both target levels specified in the settings and the night flat level. The Morning Star PRT indicator builds a night flat channel at the end of the night, as well as two Fibonacci price levels up and down. These levels can be considered both

30 USD

Indicator Supply & Demand zones PRT– is a custom tool that is used to perform supply and demand zones marking of the chart. The indicator draws lines and rectangles on the chart that highlight resistance/support levels and supply/demand zones. For convenience, both lines and figures are painted in different colors so that the signals are easily distinguished from each other.The indicator draws only fresh levels, that is, those that have not yet been used and the price has not yet broken through

45 USD

This indicator is a powerful tool for traders looking to identify chart patterns, and the benefits of incorporating it into their trading strategy are numerous. This tool effectively identifies and signals potential trends and reversals in the financial markets, thereby increasing trading profitability. Thanks to its advanced algorithm, the indicator can accurately analyze market data, providing traders with valuable information that can help them make informed decisions. Using this indicator al

30 USD

The Parabolic SAR & Support/Resistance Levels is not only a technical analysis indicator, used in forex trading to identify potential trend reversals and entry and exit points, but also a ready-made autonomous trading strategy. The Indicator builds upon the PSAR indicator by adding dynamic support and resistance levels to the chart, which can help traders identify key price levels where the market may potentially reverse. Using this indicator, traders can gain insight into the strength and di

30 USD

The All Market Channels indicator from ProfRobotrading automatically builds and displays all formed trading channels on the screen. This indicator is very convenient for trading on all existing channel strategies and is applicable to all instruments and timeframes. Look at the screenshot - it will tell you more :) More information is available on our website ProfRoboTrading.

30 USD

This is a Bollinger Bands Compression indicator. It detects volatility compression and the release of “suppressed momentum.” It can be used when it coincides with any specific trading entries — released volatility means a higher probability of making a decent profit. There is also a histogram with colored bands symbolizing weakness or strength, and a zero line crossover. Therefore, this indicator can be used both in conjunction with other indicators within trading strategies, and on its own meri

30 USD

The work of this Expert Advisor is similar to fishing, when you use several fishing rods. This Expert Advisor works on the channel indicator, the work of which you can see in the screenshots. This indicator is effective on any TM, so it can be used in all types of trading, including scalping for 5 and 15 minutes, intraday or full automatic trading of several instruments simultaneously on D1. This expert advisor is ideal for working both on a flat and during sharp or protracted trend movements (t

99 USD

Universal expert RED DRAGONS carries out deep market analysis using our proprietary indicator, which increases the accuracy of entering and exiting positions, and several existing profitable strategies based on the Locking and Martingale methods, optimized within one strategy, including for fully automatic conservative trading, both with one and several trading instruments at the same time. Red Dragons's ability to work simultaneously on several trading instruments within one trading account en

300 USD

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Findolin 2025.04.15 13:07 #

Very good indicator and for free! Thank you very much!

10448

Reply from developer Irina Cherkashina 2025.08.05 14:45 #

https://www.mql5.com/ru/market/product/140233?source=Site+Market+MT4+Search+Rating006%3aProfrobotrading+Channel+EA With this EA you can use this TMA indicator, and also easily integrate various other channel, arrow and reversal indicators, which you can also find and download for free on the Market and from us when purchasing this EA together with the Set, which we work ourselves and most of our clients work with. It provides flexibility in using all popular channel trading strategies, and also provides powerful tools for setting up trading conditions and a risk management system. Contact us for advice - I will be happy to help you.